Jiangxi Other Current Assets vs Intangible Assets Analysis

600363 Stock   44.40  1.41  3.08%   
Jiangxi Lianchuang financial indicator trend analysis is infinitely more than just investigating Jiangxi Lianchuang Opto recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangxi Lianchuang Opto is a good investment. Please check the relationship between Jiangxi Lianchuang Other Current Assets and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangxi Lianchuang Opto electronic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Current Assets vs Intangible Assets

Other Current Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangxi Lianchuang Opto Other Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Jiangxi Lianchuang's Other Current Assets and Intangible Assets is 0.05. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Jiangxi Lianchuang Opto electronic, assuming nothing else is changed. The correlation between historical values of Jiangxi Lianchuang's Other Current Assets and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Jiangxi Lianchuang Opto electronic are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Other Current Assets i.e., Jiangxi Lianchuang's Other Current Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.05
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Jiangxi Lianchuang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi Lianchuang Opto current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangxi Lianchuang Opto electronic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 133.7 M, whereas Tax Provision is forecasted to decline to about 4.4 M.
 2021 2022 2023 2024 (projected)
Income Before Tax286.5M320.6M413.2M433.9M
Cost Of Revenue3.1B2.8B2.7B1.8B

Jiangxi Lianchuang fundamental ratios Correlations

0.120.950.990.881.00.780.910.980.520.40.810.220.840.90.590.79-0.80.86-0.190.840.880.910.860.670.75
0.120.130.090.190.110.320.080.050.340.070.430.270.340.310.280.14-0.050.09-0.410.090.110.170.140.210.35
0.950.130.890.770.930.90.770.950.350.610.850.470.90.790.560.64-0.840.76-0.040.890.90.940.720.690.59
0.990.090.890.860.980.690.940.960.520.320.760.10.770.890.640.83-0.750.86-0.220.790.830.840.860.620.76
0.880.190.770.860.90.560.940.810.65-0.010.620.00.70.950.330.77-0.590.87-0.410.660.780.850.910.520.87
1.00.110.930.980.90.750.930.980.580.340.80.170.830.920.540.81-0.790.89-0.230.840.890.910.890.680.8
0.780.320.90.690.560.750.510.80.310.750.940.630.970.640.580.59-0.820.67-0.010.850.870.850.590.650.48
0.910.080.770.940.940.930.510.850.590.020.59-0.070.650.90.470.82-0.60.87-0.250.640.760.810.90.50.82
0.980.050.950.960.810.980.80.850.470.490.810.240.840.860.570.75-0.870.83-0.150.890.880.880.810.70.68
0.520.340.350.520.650.580.310.590.47-0.240.5-0.160.510.760.040.66-0.390.69-0.380.320.470.50.770.50.91
0.40.070.610.32-0.010.340.750.020.49-0.240.610.750.570.090.480.05-0.630.110.310.610.450.410.010.45-0.14
0.810.430.850.760.620.80.940.590.810.50.610.410.950.740.650.7-0.810.72-0.210.830.840.80.670.610.65
0.220.270.470.10.00.170.63-0.070.24-0.160.750.410.490.050.19-0.07-0.290.050.440.340.340.42-0.010.55-0.1
0.840.340.90.770.70.830.970.650.840.510.570.950.490.780.580.75-0.820.81-0.090.820.920.90.750.670.67
0.90.310.790.890.950.920.640.90.860.760.090.740.050.780.410.81-0.670.87-0.430.690.780.840.920.620.92
0.590.280.560.640.330.540.580.470.570.040.480.650.190.580.410.63-0.490.42-0.040.420.450.40.370.250.3
0.790.140.640.830.770.810.590.820.750.660.050.7-0.070.750.810.63-0.570.93-0.260.570.770.720.920.490.84
-0.8-0.05-0.84-0.75-0.59-0.79-0.82-0.6-0.87-0.39-0.63-0.81-0.29-0.82-0.67-0.49-0.57-0.650.07-0.85-0.78-0.73-0.59-0.53-0.5
0.860.090.760.860.870.890.670.870.830.690.110.720.050.810.870.420.93-0.65-0.240.730.910.880.980.630.87
-0.19-0.41-0.04-0.22-0.41-0.23-0.01-0.25-0.15-0.380.31-0.210.44-0.09-0.43-0.04-0.260.07-0.24-0.16-0.12-0.11-0.30.07-0.43
0.840.090.890.790.660.840.850.640.890.320.610.830.340.820.690.420.57-0.850.73-0.160.90.850.670.630.53
0.880.110.90.830.780.890.870.760.880.470.450.840.340.920.780.450.77-0.780.91-0.120.90.960.840.660.68
0.910.170.940.840.850.910.850.810.880.50.410.80.420.90.840.40.72-0.730.88-0.110.850.960.850.710.72
0.860.140.720.860.910.890.590.90.810.770.010.67-0.010.750.920.370.92-0.590.98-0.30.670.840.850.640.93
0.670.210.690.620.520.680.650.50.70.50.450.610.550.670.620.250.49-0.530.630.070.630.660.710.640.57
0.750.350.590.760.870.80.480.820.680.91-0.140.65-0.10.670.920.30.84-0.50.87-0.430.530.680.720.930.57
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Jiangxi Lianchuang Account Relationship Matchups

Jiangxi Lianchuang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B6.3B6.5B7.0B7.6B7.9B
Other Current Liab161.8M295.8M324.6M228.2M20.6M19.5M
Total Current Liabilities2.8B2.7B2.3B2.2B2.6B2.7B
Total Stockholder Equity2.6B2.9B3.3B3.7B4.0B4.2B
Other Liab42.5M167.0M141.6M138.0M158.7M166.6M
Retained Earnings1.5B1.8B2.0B2.2B2.3B2.4B
Accounts Payable1.4B1.3B1.2B999.8M1.2B612.4M
Cash598.4M1.4B1.2B1.6B1.8B1.9B
Other Assets171.9M153.8M181.1M186.6M214.5M225.3M
Long Term Debt29.4M137.6M270.1M448.5M153.9M106.9M
Net Receivables1.7B873.5M832.1M593.1M738.3M732.1M
Inventory692.1M732.0M844.5M801.1M671.8M458.3M
Other Current Assets427.3M215.9M68.4M53.4M25.0M23.8M
Total Liab2.8B3.0B2.7B2.8B3.0B1.5B
Intangible Assets57.2M126.2M147.7M146.7M119.8M125.8M
Property Plant Equipment565.5M707.0M855.1M1.0B1.2B650.5M
Net Tangible Assets2.6B2.8B3.2B3.5B4.1B2.8B
Other Stockholder Equity5.3M1.8M(2.3M)2.8M2.5M1.8M
Deferred Long Term Liab52.1M46.8M55.5M46.4M53.4M51.8M
Total Current Assets3.4B3.6B3.2B3.3B3.7B3.3B
Non Current Assets Total2.3B2.7B3.3B3.7B3.9B3.0B
Non Currrent Assets Other38.8M14.7M23.0M30.3M18.0M21.7M
Non Current Liabilities Total57.5M304.6M417.2M588.5M342.7M254.6M
Short Long Term Debt1.1B1.1B685.0M757.4M882.0M929.3M
Net Invested Capital3.7B4.1B4.3B4.9B5.0B4.5B
Net Working Capital657.2M881.4M977.8M1.1B1.1B957.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Jiangxi Stock

Balance Sheet is a snapshot of the financial position of Jiangxi Lianchuang Opto at a specified time, usually calculated after every quarter, six months, or one year. Jiangxi Lianchuang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangxi Lianchuang and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Jiangxi currently owns. An asset can also be divided into two categories, current and non-current.